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Fiduciary Services for RecordkeeperDirect Plan Sponsors
American Funds offers an independent, third-party fiduciary service to plan sponsors.
Retirement plan sponsors must meet a number of fiduciary obligations that include selecting and monitoring plan investments. For sponsors who want fiduciary support, American Funds offers fiduciary services through an independent third-party advisory firm, Wilshire Associates Incorporated (“Wilshire”). This fiduciary program involves an agreement between the plan sponsor and Wilshire.
Review the information below to learn more about which fiduciary services program may work best for you. Then download the documents at the bottom of the page to help you get started.
How Wilshire may serve as a co-fiduciary with plan sponsors:
Wilshire screens, monitors and recommends changes as a co-fiduciary, while the plan sponsor selects investments.
Wilshire screens, selects and monitors funds and makes changes as a co-fiduciary.
ERISA 3(21) Non-Discretionary Investment Advisor
ERISA 3(38) Discretionary Investment Manager
Plan sponsor uses Fund Menu*
— or —
Plan sponsor uses Select List to create portfolio*
Wilshire implements Fund Menu*
Risk management benefits for sponsors
Independent, unbiased knowledge that complements your existing advisor relationship
Investment Policy Statement; ongoing periodic reports; documentation of roles, responsibilities and fund monitoring
Investment policy statements